Removal from the Sainsbury's Bank and other lender panels: Why they do it and how to get reinstated

  • Failure to reapply to be on the Sainsbury's Bank convincing panel
  • Sainsbury's Bank may terminate membership of its conveyancing panel where a firm provides false answers in its application form or in relation to any future requests for information.
  • Breaches of Sainsbury's Bank conveyancing panel requirements
  • Failure to act in accordance with the Sainsbury's Bank panel terms, the written instructions that Sainsbury's Bank give you and the UK Finance Lenders’ Handbook or any alternative set of standard instructions to which Sainsbury's Bank may subsequently subscribe.
  • Recurring non-compliance with post completion requirements on behalf of Sainsbury's Bank

Common queries about Sainsbury's Bank conveyancing panel reinstatement

  • Does the COLP in my firm need to complete the reinstatement application to the Sainsbury's Bank panel ?
  • What is the application procedures to be reinstated onto the Sainsbury's Bank conveyancing panel?
  • Is the door firmly shut if my firm’s reinstatement panel submission with Sainsbury's Bank is rejected?
  • How long does the application process take when applying to be reinstated onto the Sainsbury's Bank conveyancing panel?
  • Does my practice need to apply annually to be reinstated on the Sainsbury's Bank conveyancing panel?

Top Tip: The best way to avoid the hassle of seeking Sainsbury's Bank panel reinstatement is to ensure that your firm is not removed off of the Sainsbury's Bank conveyancing panel in the first place.

Note: Subject to certain conditions Lexsure’s experts or consultants can assist in providing you with guidance for reinstatement onto the Sainsbury's Bank conveyancing panel but under no circumstances will Lexsure (or the Conveycentric Team) submit an application to Sainsbury's Bank directly or via their preferred panel manager. Any reinstatement application will have to be made by your firm. For the avoidance of doubt, Lexsure (or the Conveycentric Team) are in no way involved in managing the Sainsbury's Bank conveyancing panel.

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